WallStreetZenWallStreetZen

NYSE: ALE
Allete Inc Stock Forecast, Predictions & Price Target

Analyst price target for ALE

Based on 3 analysts offering 12 month price targets for Allete Inc.
Min Forecast
$58.00-2.75%
Avg Forecast
$60.33+1.16%
Max Forecast
$64.00+7.31%

Should I buy or sell ALE stock?

Based on 3 analysts offering ratings for Allete Inc.
Hold
Strong Buy
0 analysts 0%
Buy
0 analysts 0%
Hold
3 analysts 100%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their ALE stock forecasts and price targets.

ALE stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-02-21
lockedlocked$00.00+00.00%2024-01-22
lockedlocked$00.00+00.00%2024-01-10

1 of 1

Forecast return on equity

Is ALE forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
21.01%

Forecast return on assets

Is ALE forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

ALE revenue forecast

What is ALE's revenue in the next 3 years based on estimates from 1 analyst?
Avg 1 year Forecast
$1.9B+2.81%
Avg 2 year Forecast
$2.0B+4.68%
Avg 3 year Forecast
$2.0B+7.57%
ALE's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

ALE earnings growth forecast

How is ALE forecast to perform vs Utilities - Diversified companies and vs the US market?
Company
-3.06%
Industry
26.33%
Market
28.78%
ALE's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
ALE's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
ALE's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

ALE revenue growth forecast

How is ALE forecast to perform vs Utilities - Diversified companies and vs the US market?
Company
2.48%
Industry
3.1%
Market
9.6%
ALE's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
ALE's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

ALE vs Diversified Utility Stocks

TickerPricePrice TargetUp/downsideConsensus
ALE$59.64$60.33+1.16%Hold
OTTR$86.40N/AN/A
BKH$54.60$54.25-0.64%Hold
NWE$50.93$51.83+1.77%Hold
AVA$35.02$34.00-2.91%Hold

Allete Stock Forecast FAQ

Is Allete Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 3 Wall Street analysts covering (NYSE: ALE) stock is to Hold ALE stock.

Out of 3 analysts, 0 (0%) are recommending ALE as a Strong Buy, 0 (0%) are recommending ALE as a Buy, 3 (100%) are recommending ALE as a Hold, 0 (0%) are recommending ALE as a Sell, and 0 (0%) are recommending ALE as a Strong Sell.

If you're new to stock investing, here's how to buy Allete stock.

What is ALE's revenue growth forecast for 2024-2026?

(NYSE: ALE) Allete's forecast annual revenue growth rate of 2.48% is not forecast to beat the US Utilities - Diversified industry's average forecast revenue growth rate of 3.1%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.6%.

Allete's revenue in 2024 is $1,879,800,000.On average, 1 Wall Street analysts forecast ALE's revenue for 2024 to be $111,279,702,313, with the lowest ALE revenue forecast at $111,279,702,313, and the highest ALE revenue forecast at $111,279,702,313. On average, 1 Wall Street analysts forecast ALE's revenue for 2025 to be $113,297,818,994, with the lowest ALE revenue forecast at $113,297,818,994, and the highest ALE revenue forecast at $113,297,818,994.

In 2026, ALE is forecast to generate $116,427,195,360 in revenue, with the lowest revenue forecast at $116,427,195,360 and the highest revenue forecast at $116,427,195,360.

What is ALE's forecast return on assets (ROA) for 2024-2026?

(NYSE: ALE) forecast ROA is N/A, which is lower than the forecast US Utilities - Diversified industry average of N/A.

What is ALE's Price Target?

According to 3 Wall Street analysts that have issued a 1 year ALE price target, the average ALE price target is $60.33, with the highest ALE stock price forecast at $64.00 and the lowest ALE stock price forecast at $58.00.

On average, Wall Street analysts predict that Allete's share price could reach $60.33 by Feb 21, 2025. The average Allete stock price prediction forecasts a potential upside of 1.16% from the current ALE share price of $59.64.

What is ALE's forecast return on equity (ROE) for 2024-2026?

(NYSE: ALE) forecast ROE is N/A, which is considered weak.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.